Average Weekly Earnings of All Employees: Total Private in Illinois
SMU17000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,177.53
Year-over-Year Change
5.31%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in Illinois measures the average gross weekly earnings for private sector workers in the state of Illinois. This metric provides insight into the wages and income levels of the Illinois workforce.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the average weekly earnings for all private sector employees in Illinois, including wages, salaries, and overtime pay. It is a key indicator of labor market conditions and consumer purchasing power within the state.
Methodology
The data is collected through surveys of private businesses and establishments in Illinois by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the overall health of the Illinois economy and make informed decisions about economic policies.
Key Facts
- Illinois average weekly earnings were $1,091 in December 2022.
- Earnings have increased by 4.2% over the past year in Illinois.
- The private sector accounts for 86% of total employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Total Private in Illinois measures the average gross weekly earnings for private sector workers in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the wages and income levels of the Illinois workforce, which is a key indicator of labor market conditions and consumer purchasing power within the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in Illinois by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the overall health of the Illinois economy and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Illinois (SMU17000000500000011), retrieved from FRED.